The IFE Lodoun 1 group is made up of three people who are friends from the same neighbourhood and belong to the same tontine group. The representative of the group who is named Valerie is the one with her hand raised in the photo. Valerie is 37 years old. She did not attend school. Valerie no longer lives with her husband. She has four children, some of which go to school. Valerie lives with her children and assumes the various expenses for them alone. To do this, Valerie sells various articles and cosmetic products as a distributor. Valerie buys her stock in Nigeria. In order to satisfy her customers and to increase her turnover and her income, with the other members of the IFE Loudoun 1 group, Valerie requests a first loan from Alidé.
Le groupe IFE LODOUN 1 est composé de trois personnes qui sont des amies du quartier et qui appartiennent à un même groupe de tontine. La représentante du groupe, nommée Valérie est celle qui a la main levée sur la photo. Valérie est âgée de 37 ans. Valérie n’a pas fréquenté l’école. Valérie ne vit plus avec son mari. Valérie est mère de quatre enfants dont certains scolarisés. Valérie vit avec ses enfants et assure seule les diverses charges des enfants. Pour ce faire, Valérie vend divers articles et des produits cosmétiques par la méthode de distribution. Valérie s’approvisionne au Nigéria. Dans la quête de la satisfaction de sa clientèle et pour accroître son chiffre d’affaires et son revenu, Valérie sollicite ensemble avec les autres membres du groupe IFE LODOUN 1, un premier crédit auprès de ALIDé.
Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.
Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.